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to china beginning a string of meetings that would eventually open that isolated eastern nation to the western world. that opening checked soviet expansionism and in a sense was the beginning of the end of the cold war. >> this was the week that changed the world. >> it was also the beginning of china's entry into the world economy, which has resulted in that country becoming the world's second largest economy. >> red china's battle plan. >> but back then the idea of a rapprochement with china would have been rejected as pure fantasy. china was a communist regime that had been fighting america and its allies across the globe. how did the decision come about in the midst of such intense opposition? what were the internal maneuverings that paved the way, the secret dealings that made it actually happen? who better to ask than the man himself, dr. henry kissinger. this is what the world looked like when you enter into the white house with richard nixon. the united states has had no relations with china. we have been implacably opposed to this regime. we fought against them, america
't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american
some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china. >> china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three, the housing market. finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. well-healed investors began buying entire neighborhoods, but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number two. cnn projects that barack obama will be re-elected president of the united states. >> the election. more than just about obama and romney, it was about socialism and capitalism, about spe
than year sea level. locally, this will not be 65 feet of snow at the spot in china. remember, i read this and i just said -- what? there could be an avalanche and buried villages in the mountainous areas of china. livestock were buried, many of them killed. villages are working the other to clear the snow. from the looks of the video, it will take quite a long time. >> i thought you meant it dropped 65 feet before the storm already world. >> hopefully they have emergency kids. >> i'm sensing a theme. >> this is not a mega storm, not a monster. just a few inches. let's start with the current conditions and then we will get into the details. 38 right now at the airport. winter weather and risers are in effect for all county shaded in blue for saturday. if you are not shaded, that not mean you will not get any. revised he's extending all the way down into the ohio valley because the storm visiting us is just now getting its act together around the gulf coast and moving through the ohio river valley to visit us saturday morning. this is a quick moving storm that does not have a lot of mo
deficit to china being $29.8 billion per month. that is just one country. you start to add up all the trade deficit that we have with all of these different trading partners over the years, i am sure that it is close to about $1 trillion per year. >> thank you for the comments. let's go to sarasota next. caller: good afternoon. the way that i look at it, as a 74-year-old professional pharmacist with a minor in economics, the reason i am independent is because republicans and democrats cannot seem to get it together. the biggest problem that we have now is the reason why we cannot do what we are supposed to do for the entire country. one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job
china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints money, it's devalues their currency which makes anything they want to export or anything that they are importing more expensive. that is why your food is more expensive because we imported a lot of that. that is why energy is more expensive because we import a lot of that. if every country is doing that, its race to the bottom how quickly they can devalue their currency. >> we trade with so many different nations. we trade with europe and certainly with china. look at our trade imbalance and you can figure that out. europe has only a handful of countries that are doing decently? >> there is about six. they are in the nor
but also offer a great opportunity. you see, what i find in africa today is that china has an increasing presence on that continent. china has a plan when it comes to the future of africa. america does not. that's why i'm going to offer as an amendment to the tag bill, which is currently pending before the senate, the american jobs through greater exports to africa act. my partners on the bill are senator chris coons, senator ben cardin, john boozman and mary landrieu, as well as support in the house from representative chris smith. at the heart of this bill is the creation of jobs in america. exporting more goods to africa will help create jobs here. every $1 billion in exports supports over 5,000 jobs. i believe we can increase exports from the united states to africa by 200% in real dollars over the next ten years, and we can't wait any longer. if there are some who say africa is so backward and so far behind, what is it in the united states they can afford to buy if they even wanted to, that is old thinking. let me give you some new reality. in the past ten years six of the world's f
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
not create any jobs. as far as china is concerned we do not hit that high of a tariff on their imports. i believe it is a lot higher. the whole thing was steve jobs. he treated the apple computer in his garage. when he got successful theme of his company over to china giving chinese people jobs. if steve jobs was born in china he would not even be able to create the apple computer. we just do not do enough for the people of this country. the people who are position to create jobs do not reinvest in the country. i do not think they should get tax breaks. if you want to give these corporate giant tax breaks given to those who want to invest in the country and create jobs. for a lower than the american businessmen. guest: i understand your frustration. part of it is the corporate tax .ode clearly needs to fix it a lot talk about fixing a and a revenue neutral way. it does not help lowering future deficits any easier. there are some things need to change. in general we need to realize that if we set our country on the bike path making the right investments in -- the right path making investme
and china open and australia only half a day. so you will get a muted response, but don't for get that we have really got one more day of this, right. there is not going to be a deal tonight, because it is not dramatic enough, and they have to let it go another day, and the markets might get a little bit of a breather, but trust me, as tomorrow goes, and as trading get starts and the day wears on and appears that we are getting nothing, you will start to see the pressure on the market as we move into the end of the day. like i said on the prior show, if we get a band-aid, that is worse than getting actually letting us go over the cliff. >> why? >> because i think that if we go over the cliff, then there is clarity and everybody knows what happens, taxes here and spending there, and the only thing that can happen after that is that it can improve because the legislators will talk about cutting the taxes and raising the spending and standing up to say, what a great job we did and pat themselves on the back. if we get a band-aid, all we have done is to cause more confusion and kicked the can
would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in
working conditions in china but here's the rub. it may be a hoax. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> the u.s. government is investigating a claim that may be nothing more than a hoax but even if these specific allegations are disapproved, they speak to a larger concern about working conditions in china. the return appearance from lisa sylvester. you've been asking questions about this story. >> yeah. and the first thing we should say, is it a hoax or is this a cry for help. it's a letter reportedly from a chinese labor camp tucked in the most unlikely place and now this letter is getting lots of attention online. julie says she found the letter in a box of halloween decorations. the halloween graveyard kit sat in her storage room for about a year until she dusted it off in october and all she could say was wow. >> it was definitely hidden. the
mile radius to prepare to leave. the same volodymyr erup volcand earlier this year. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world in 80 seconds. >> harris: more on the breaking news at this hour. the death of retired general norman schwarzkopf. his extraordinary life and military career, next. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint
and the other with bush xliii and we passed nafta on the bipartisan basis and trade relations with china on a bipartisan basis, and i'm sorry, i can't accept this business about how the economy is so terrible and we have to act bipartisan. we have to be where the two parties can talk to each other and where the house leadership say it's my way or the highway and if we get 215 votes on my side, that's just wrong. >> go ahead, david. >> i've dealt with the speaker and that's a fundamental enter prettiation. so when the bills pass, there is a lot of support. at one point the speaker and the were are a whole lot of money to us, but in the grand scheme of things it wasn't. what happened? >> they were all ready to have this dole and the president decided to up the amount of revenue he wanted by 400 million. the speaker was clear about what he could do and not do and at the last minute the president decided to change it. that is not my interpretation. >> what happened is the speaker has left 40 or 50 republicans, tea party, radical right-wing republicans have a veto power over everything, even
that we need american society to be cost competitive with places like china. that means giving rich people even more money. and we're not going to standby. >> as i was listening to the president's statement, when he said that he appealed to them, he brought them together, there was some progress. but he also says if it goes over the deadline, he's calling only senator reid to call for an up and down vote. explain the significance of that. s isn't that really based on the fact that the public has said in numerous polls their support of this isn't that really a roll call to the american public on who stands where? >> yes, as a matter of fact, what the president is saying is he needs the american people to commu communicate with their elected representatives and let those elected representatives know that the people want to see a deal that is fair to the working and middle class people. that's what the president is saying. i think the president is correct to do so. and i think that the -- you know, that senator reid has been really clear. we should be there working hard to get a fair bargain.
opportunities in russia and new jobs here at home. our competitors in china and canada and europe are not taking advantage of these opportunities because they have pntr with russia, they already have it. we are the only w.t.o. member missing out on these opportunities. if we now pass pntr, we can level the playing field and compete, and if we compete we will win. we sell more beef, we sell more aircraft, we will sell more trademarks, we will sell more medical equipment and our banks and insurance companies will grow. pntr will give our knowledge industries greater protections for their intellectual property and our farmers will have new tools to fight unscientific trade barriers. if we pass pntr, american exports to russia are expected to double in five years. this bill has strong enforcement provisions to help ensure that american farmers, ranchers, businesses and exporters get the full benefit of pntr. and this bill has strong human rights provisions. senator cardin's magnitsky act punishes human rights violations in russia and helps to address the corruption problems russia now faces. in july
to feel the effects of the global, of the downturn in europe. china, cutting its growth forecasts, india doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the
china is doing not as well, brazil isn't, india, europe's at a standstill. we can't afford this. it's that intangible that's more serious than how much you pay in taxes in 2013. >> before you go, how do you think the markets refact there's a stopgap measure? are they going to fear that more than if there was a permanent deal? >> markets hate uncertainty. that's the one thing. if we've got a stopgap measure, do we have a sense of when it will be resolved? some say go over the cliff, let's see what that looks like. i'd bo worried about that. we had a drop-off in the market on friday and that's about investors being uncertain about monday morning. i'll keep my eyes close to the markets on sunday night when asian markets open and monday when we have a shortened trading day. if washington doesn't get its act together, the investors may send a strong message to washington to do something. >> ali velshi, thank you. >>> you can learn more about the fiscal cliff and other issues that are affecting your money at 1:00. ali velshi will be back with a live edition of "your money." that's on cnn.
crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the pain. they're not filling empty positions. it's already -- it has been starting to affect companies for probably, you know, at least the past quarter already. >> okay. thank you, joy, and thank you leigh. remember, president obama is going to make a statement on the fiscal cliff talks at 5:45 eastern time and msnbc will provide live coverage. until then, chris matthews is up next with the best "sideshow" moments of the year and the nra's best excuses for standing in the way of any and all reasonable restrictions on guns. this is "hardball," the place for politics. to the best vacation spot on earth. (all) the gulf! it doesn't matter wh
, connecticut. >>> in china, 16 people recovering after an aquarium in shanghai mall, there it is right there, it burst open last week. investigators say a combination of low temperatures and weak materials caused it. the 33-ton tank housed sharks, hurtles and some fish, as well. some of those animals died. >>> toyota paying more than $1 billion in a record settlement of defects. it's the end of a four-year battle between the automaker and hundreds of car owners who allege that recalls over acceleration problems caused the value of the cars to depreciate. >>> breaking news for you right now from the house a few minutes ago, house gop aides say that house leader cantor told the republican conference that the entire house would be coming back sunday night at 6:30. again, eric cantor telling folks that the house will be called back sunday evening, 6:30. meanwhile, speaker boehner reportedly told members, quote, his words here, we have done our job. it is now up to the senate to act. we'll see if they do anything. we'll be right back with our gut check. or you can get out there and actually like
at the age of 85 who confronted the government of china in the organization's interest. and by 2007 their world summer olympic games were held in shanghai. shriver also advised the u.s. catholic bishops in drafting a letter on nuclear war issued in 1983, and he worked to influence the reagan administration to accept a no-first-strike approach to nuclear weapons. in 1993 president clinton presented him the presidential medal of freedom. this bare bones account of sargent shriver's life and achievements suggests but does not describe the spirit of a man who was a devout catholic and an inspired and inspiring father. how can we understand the spirit and motivation of such a versatile and resilient man? striving to understand sergeant shriver, i think of the inflated clown toy perhaps two-and-a-half or three feet tall favored by 2-year-olds around the world. and at the rounded bottom of the toy, there is a bag of sand so that no matter how often you push him down, he springs back upright again. it's great fun if you're 2, but sargent shriver was like that his whole life. no matter how m
, india, china, russia, are helping them subvert sanctions they will stand by them an protect them even though they're widely exposed. adam: let's do a little bit of mathematics here. it is adding up what we've seen in the past few days. just yesterday the iranian regime said they were willing to let in nuclear inspectors if israel and their threat to attack was diffused and if western sanctions were to be eased. s what does that plus now the war exercises add up to? is the regime, on a precipice? are they falling and in turmoil or trouble? >> economically they certainly are. there is a lot of russelling going on the streets that the economy is not stable. they tried to do their own stimulus package a month ago and really didn't get much of a response. so the reel itself is failing. what they're doing to try to buy themselves political time while not giving away any posturing and letting their people know they're in fully control of their state, the region and they will not be pushed around. remember the other factor is the gulf cooperation council which has been unifying arab state gul
in china is now being replaced. >>> plus the lost political capital on capitol hill in the wake of the fiscal cliff negotiations. that's coming up in our straight talk. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if inclu
taxpayers' dollars, the steel came from china. what are we doing to america and what are we doing to our manufacturing? i think we need a wake-up call. we're busy holding up the entire congress, protecting tax breaks for billionaires. when are we going to start looking out for american jobs? when we're talking about this fiscal cliff, we're not talking about having a jobs component in it. when are we going to start talking about tax breaks so we can have an infrastructure bank, so we can rebuild america using american products. and why is it when they say you want it made in america, they call us protectionist. well, i welcome the call of protection. i want to protect american jobs. i don't want them on a slow boat to china or a fast track to mexico. i might not ever get my steel mill back. baltimore might not ever have those jobs back but, you know, we've got to get serious in our country, what are our priorities. we have to start rewarding those industries that make products in this country. right now our whole code is oriented to protecting people who make money off of money. well, le
kim three seems to can consolidate his power. we are waiting to see if this affects china and their soup harris: you mentioned the evidence that south korea has found that the north will be able to fire at us, at our mainland, possibly come in the next two years. is there anything the south is doing at this point? people are feeling imminent danger. >> the south issued that warning about the capability about the missile tests. there is concern about the region, but it is very difficult to stop anything like that. we have some kind of missile patriots in different types of missiles to try to stop that. but it is very difficult if you have a three stage rocket to be able to bring that down very easily. but we did see before that last test that south korea and japanese and american forces were put on alert. perhaps bring you down and casey came came into their territory. back to you. harris: david pifer reporting live today from bangkok. jon: the fiscal cliff is a sport is a way. looking beyond the deadline, short-term battle will have a long-term political impact. let's talk
at a shopping mall in shanghai, china, when a giant shark aquarium suddenly burst. the 33-ton tank sending water, fish and shards shards of glass everywhere. 3 people were hurt. fortunately the starks didn't get very far. harris: let's look ahead to 2013 and perhaps the most important issue on american finds will continue to be the economy. there are new signs today, that 2013 should be a good year for us. dominick tavella, financial advisor and president of certified financial consultants is here in studio with us. dominic, you say there are three bright spots really the headline in this? >> once we get past the fiscal cliff we know it will take some dollars out of the economy, whether it is higher taxes or entitlement cuts. it will create a little bit of a shock to the economy but there are bright spots we should look for in 2013. harris: there are three you said. what are they? >> housing, energy and huge amount, trillions of dollars sitting on the sidelines by corporate america, waiting to come into the economy once this picture clears up. harris: we're getting housing numbers coming this we
video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres of land. in short hundreds of billions worth of assets that it could sell off to pay down the national debt. some say it's time for the government to start selling. william la jeunesse is live with that story for us. >> reporter: when trying to reduce federal spending any single line item is either diminished as a droop in the bucket or praised at ever penny count. although no individual program will solve this budget crisis what to peel do when money is tight, when you're already borrowing money for every dollar you spend? you raise money with a garage sale. from state-owned businesses like amtrak to vacant buildings like thes
in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how people are going to look at them. a field that i write on, conservation. bill clinton was showed a note card, theodore roosevelt's national parks and it had another car card with bill clinton and had two. so he started to use e
about how china is taking over. what we need to make some decisions that is going to help the america people, corporate america, middle-class america, those individuals that are not in the capacity whatever so ever, i expect our elected officials to getting together, work this thing out, do the right thing, quit the fighting and come up with a solution even if they have to go back after the fact and just get things the way they are supposed to be. >> some of the expectations there from willard. we're going to go on to cal on the republicans line in tennessee. what do you think of the fiscal cliff and where the negotiations are so far? >> i think they ought to go over the fiscal cliff. we have people like that that are on the government bill too long. they are sucking the tit of the federal government. i think everyone should pay their fair share. we have almost a $17 billion national debt. not only, the rich but everyone should pay their fair share. we also need some spending cuts too. $3 for every $1. if you don't do this we're going top find ourselfs in a situation -- you want to ta
a factory in china and sell cars. they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active income and we should tax that money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. >> explores the history and literary culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially
Search Results 0 to 30 of about 31 (some duplicates have been removed)